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The CRCF SBIR and STTR Matching Funds Programs accelerate commercialization of high-potential research or technologies by Virginia-based technology companies that have received a recent SBIR or STTR Phase I or II award from a federal agency. SBIR and STTR Matching Funds awards advance work supported by the federal award. The associated federal award fulfills the CRCF requirement for a one-to-one match, though it may not already be tied to existing CRCF awards.
The CRCF programs support commercialization goals through technology development in Virginia. CRCF monies additionally may be used for market validation, intellectual property protection, acquisition of materials and supplies, and/or other efforts that further technology commercialization and drive economic benefits in Virginia. Projects must be based on sound scientific principles and present an opportunity for valid research.
Organizations may submit one LOI/application for up to $75,000 and receive one award under the Commercialization, SBIR Matching Funds, or STTR Matching Funds Programs. Companies that are affiliated through ownership, common management or leadership, and/or other control are considered under the same umbrella and may participate through one total submission this round.
Refer to the Program Guidelines for complete eligibility criteria and program information. All materials for this program, including the Guidelines, templates, and a sample application, can be accessed through the Documents window on the right-hand side of the screen. Visit the CRCF FY2020 Resources page or click on one of the links on the right for additional information and materials to aid you in the application process.
Qualified Applicants Applicants for the SBIR and STTR Matching Funds Programs are to be Virginia-based technology companies with an express desire to grow the business in Virginia and that that:
Received an SBIR or STTR Phase I or II award from a federal agency targeted at the development of qualified research or technologies
Phase I applicants to CRCF may have received up to five SBIR and/or STTR awards
Phase II applicants to CRCF may have received up to eight SBIR and/or STTR awards
The period of performance of the associated SBIR or STTR award must have begun January 1, 2018 or later. If the period of performance of the federal award is complete, the applicant must be actively pursuing commercialization.
Submitted and are awaiting an award decision or plan to submit an SBIR or STTR Phase I or II application targeting the development of eligible research or technologies for a federal deadline on or before March 31, 2020
Additionally, qualified applicants must:
Have received no more than two prior CRCF awards
Employ fewer than 12 full-time employees
Have at least 51% of its employees reside in Virginia
Have at least 51% of its property located in Virginia
Applying for CRCF Funding Applicants seeking funding under the SBIR or STTR Matching Funds Programs must have submitted an online Letter of Intent (LOI) by 12:00 p.m. (noon) on Wednesday, November 6, 2019; LOIs were not accepted after the deadline and must have been submitted online to be considered. LOIs were reviewed in November and early December, and applicants were notified via email on December 13 regarding whether or not an application would be invited this round. For those applicants not invited to submit a full application, additional communications followed on January 23 with feedback regarding the decision. If you are unable to locate the emails, reach out to the CRCF team at firstname.lastname@example.org and reference your organization name and the PI's last name or the project's Request ID.